Brave New World

Too Big to Fail: Reasons to be Fearful 12/01/2010

As investment banks announce record bonus pools for 2010 while economic growth expectations for the developed world remain sluggish, media attention has been directed once again towards the widening disparity between Wall Street and Main Street. Away from the non-financial press focus with bonuses, there appears to be a growing anxiety about the level of risk taken on by the largest institutions. Karl Whelan highlights the concerns, most notably by former IMF Chief Economist Simon Johnson.